07-17-2021, 11:47 PM
Bitcoin will crash if the stock market crashes
<!-- SC_OFF --><div class="md"><p>This is a hard truth. Many people are hearing rumors of a stock market crash coming since this 12 year bull run on the stock market. And we need to realize if the dow downs, Bitcoin burns.</p> <p>People, and mostly institutions still see the USD as the most safe asset to own, so during a bear market, people will liquidate their crypto, property, stocks, anything, to hodl their cash. (A lot of the time so they can buy back in 10-20 months later...) in their mind 15% inflation is better than 60% losses.</p> <p>if this isn't the end of a bull market, and we continue going up. Look at the stock market. </p> <p>if this is the end of the bull market, well, get ready. honestly, even if we crash more I'll continue to DCA into my stocks and crypto.</p> <p>.</p> <p>this isn't to spread any fear or anything, it's just the fact that Bitcoin follows the stock market to a degree, but during a time of crisis no matter how good the technology is, it will lose value.</p> <p>Edit: to address the controversy. The USD is literally the store of value globally. I'm sorry. This is literally what I'm saying. When there's fear in the world over investments, even with inflation, people will still move to the USD. It's just a fact.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/FrogsDoBeCool"> /u/FrogsDoBeCool </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/om0v7f/bitcoin_will_crash_if_the_stock_market_crashes/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/om0v7f/bitcoin_will_crash_if_the_stock_market_crashes/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>This is a hard truth. Many people are hearing rumors of a stock market crash coming since this 12 year bull run on the stock market. And we need to realize if the dow downs, Bitcoin burns.</p> <p>People, and mostly institutions still see the USD as the most safe asset to own, so during a bear market, people will liquidate their crypto, property, stocks, anything, to hodl their cash. (A lot of the time so they can buy back in 10-20 months later...) in their mind 15% inflation is better than 60% losses.</p> <p>if this isn't the end of a bull market, and we continue going up. Look at the stock market. </p> <p>if this is the end of the bull market, well, get ready. honestly, even if we crash more I'll continue to DCA into my stocks and crypto.</p> <p>.</p> <p>this isn't to spread any fear or anything, it's just the fact that Bitcoin follows the stock market to a degree, but during a time of crisis no matter how good the technology is, it will lose value.</p> <p>Edit: to address the controversy. The USD is literally the store of value globally. I'm sorry. This is literally what I'm saying. When there's fear in the world over investments, even with inflation, people will still move to the USD. It's just a fact.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/FrogsDoBeCool"> /u/FrogsDoBeCool </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/om0v7f/bitcoin_will_crash_if_the_stock_market_crashes/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/om0v7f/bitcoin_will_crash_if_the_stock_market_crashes/">[comments]</a></span>Kind Regards R